Insiders who purchased Glory Mark Hi-Tech (Holdings) Limited (HKG:8159) shares in the past 12 months are unlikely to be deeply impacted by the stock’s 11% decline over the past week. Even after accounting for the recent loss, the HK$5.4m worth of stock purchased by them is now worth HK$7.9m or in other words, their investment continues to give good returns.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
The Last 12 Months Of Insider Transactions At Glory Mark Hi-Tech (Holdings)
In the last twelve months, the biggest single purchase by an insider was when Compliance Officer & Chairman Li Feng Wang bought HK$1.1m worth of shares at a price of HK$0.11 per share. Although we like to see insider buying, we note that this large purchase…